Market research

Milk market in Belize

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Between 2018 and 2023, the milk market in Belize expanded from 9 466 metric tons to 15 996 metric tons, despite annual volatility. Domestic production rose from 4 994 tons to 6 525 tons over the period, while imports fluctuated significantly, reaching a peak of 9 471 tons in 2023.

The market contraction in 2020 to 10 312 tons coincided with the global COVID-19 pandemic, which disrupted economic activity and dampened consumption. A recovery followed in 2021, supported by growing consumer interest in reduced-fat and flavored milk varieties, pushing the market volume to 10 871 tons. However, in 2022, broader inflationary pressures and reduced household purchasing power led to another dip, with the market falling to 10 493 tons.

In 2023, the market surged to 15 996 tons, driven by a sharp rise in imports to 9 471 tons alongside continued growth in domestic production to 6 525 tons, indicating a strong recovery in demand.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Belize
  1. 5.1.1. Annual dynamics of production in Belize in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Belize in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production milk in Belize

In kind, 2018-2021, t

Top producers of milk, 2018-2021

Source: SHEV.io

World map of production of milk, 2018-2021

Source: SHEV.io

Belize's milk production rebounded after two consecutive years of decline. In 2021, the country produced 5 739 tonnes of milk, representing a significant year-over-year increase of 26.9%. Over the four-year period from 2018 to 2021, production grew by 14.9%, with a compound annual growth rate of 4.7%. The lowest production level was recorded in 2020 at 4 522 tonnes, while the largest annual decline occurred in 2019 at 8.4%.

Annual dynamics of production in Belize in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(8.4%)	(1.2%)	26.9%	4.7%

Source: SHEV.io

Exports milk from Belize

Exports in kind, t

In 2021, Belize's milk export volume totaled just 2 tonnes, marking a substantial year-over-year decline of 46.6%.

Annual dynamics of product's exports from Belize in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	(46.6%)	-

Source: SHEV.io

From 2018 to 2021, Belize's milk exports were exclusively directed to just two markets: Mexico and Guatemala. Together, these two countries accounted for 100% of Belize's milk exports during this period.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Belize in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

In 2021, Belize's milk exports generated $25,000 USD, representing a modest year-over-year decrease of 2.5%.

Annual dynamics of product's exports from Belize in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	(2.5%)	-

Source: SHEV.io

Between 2018 and 2021, Guatemala and Mexico were the sole destinations for Belize's milk exports, together accounting for 100% of the country's export revenue from milk.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Belize in value, 2018-2021

Source: SHEV.io

Imports milk to Belize

Imports in kind, t

Belize's milk imports declined for the second consecutive year in 2021, reaching 5 134 tonnes. This represented a substantial year-over-year reduction of 11.4%. Over the broader period from 2018 to 2021, however, imports actually increased by 14.8%, equivalent to an annualized growth rate of 4.7%. The peak import volume was recorded in 2019 at 6 065 tonnes, which also saw the largest annual increase at 35.6%.

Annual dynamics of product's imports to Belize in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	35.6%	(4.5%)	(11.4%)	4.7%

Source: SHEV.io

From 2018 to 2021, three countries dominated Belize's milk imports: Mexico (52.5% of import volume), the Netherlands (24.2%), and Denmark (3.8%). Together, these three suppliers accounted for 80.5% of Belize's total milk imports during this period.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Belize in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After two years of growth, Belize's milk import value declined in 2021, reaching $10,608,000 USD. This represented a measured year-over-year decrease of 7.6%. Looking at the broader trend from 2018 to 2021, import value actually increased by 25.5%, equivalent to an annualized growth rate of 7.9%. The highest import value was recorded in 2020 at $11,479,000 USD, while the largest annual increase occurred in 2019 at 22.9%.

Annual dynamics of product's imports to Belize in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	22.9%	10.5%	(7.6%)	7.9%

Source: SHEV.io

Between 2018 and 2021, three countries were responsible for the majority of Belize's milk import value: Mexico (52.0%), the Netherlands (21.5%), and Denmark (7.4%). Together, these three suppliers accounted for 80.9% of Belize's total milk import expenditure during this period.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Belize in value, 2018-2021

Source: SHEV.io